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REGISTERED NUMBER: 03901395 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2023

FOR

ABREY & SON LIMITED

ABREY & SON LIMITED (REGISTERED NUMBER: 03901395)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


ABREY & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: T J Abrey





SECRETARY: Mrs S Abrey





REGISTERED OFFICE: Pond House
Pamphillions Farm
Purton End, Debden
Saffron Walden
Essex
CB11 3JT





REGISTERED NUMBER: 03901395 (England and Wales)





ACCOUNTANTS: Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ABREY & SON LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Abrey & Son Limited for the year ended 30 September 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Abrey & Son Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Abrey & Son Limited and state those matters that we have agreed to state to the director of Abrey & Son Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Abrey & Son Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Abrey & Son Limited. You consider that Abrey & Son Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Abrey & Son Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF


17 February 2024

ABREY & SON LIMITED (REGISTERED NUMBER: 03901395)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 212,498 137,985

CURRENT ASSETS
Stocks 4 304,362 313,151
Debtors 5 81,735 63,553
Cash at bank and in hand 357,881 343,857
743,978 720,561
CREDITORS
Amounts falling due within one year 6 389,188 401,113
NET CURRENT ASSETS 354,790 319,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

567,288

457,433

CREDITORS
Amounts falling due after more than one
year

7

64,901

41,962
NET ASSETS 502,387 415,471

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 502,386 415,470
SHAREHOLDERS' FUNDS 502,387 415,471

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ABREY & SON LIMITED (REGISTERED NUMBER: 03901395)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 February 2024 and were signed by:





T J Abrey - Director


ABREY & SON LIMITED (REGISTERED NUMBER: 03901395)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

ABREY & SON LIMITED (REGISTERED NUMBER: 03901395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. ACCOUNTING POLICIES - continued

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction.

Balances at the year end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2022 40,463 66,780 54,791 159,095 321,129
Additions 5,794 118,958 3,264 17,813 145,829
Disposals - - - (5,550 ) (5,550 )
At 30 September 2023 46,257 185,738 58,055 171,358 461,408
DEPRECIATION
At 1 October 2022 19,365 41,890 43,012 78,877 183,144
Charge for year 2,924 35,961 3,761 23,120 65,766
At 30 September 2023 22,289 77,851 46,773 101,997 248,910
NET BOOK VALUE
At 30 September 2023 23,968 107,887 11,282 69,361 212,498
At 30 September 2022 21,098 24,890 11,779 80,218 137,985

4. STOCKS
2023 2022
£    £   
Stocks 304,362 313,151

ABREY & SON LIMITED (REGISTERED NUMBER: 03901395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 53,529 30,953
Other debtors 28,206 32,600
81,735 63,553

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,106 7,906
Loan W G Abrey - 14,954
Hire purchase contracts 13,070 4,053
Trade creditors 216,353 187,269
Corporation tax 26,531 12,379
Social security and other taxes 3,972 3,336
VAT 103,342 151,243
Other creditors 2,609 -
Directors' current accounts 245 15,473
Accrued expenses 4,960 4,500
389,188 401,113

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 24,116 10,000
Bank loans - 2-5 years 4,019 30,000
Bank loans more than 5 years
by instalments - 123
Hire purchase contracts 36,766 1,839
64,901 41,962

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments - 123
- 123

ABREY & SON LIMITED (REGISTERED NUMBER: 03901395)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. RELATED PARTY DISCLOSURES

The director T J Abrey is also a partner in the partnership Abrey & Son. At the year end the amounts owed from the partnership amounted to £28,206 (2022 £31,951).

The company occupies premises owned by Abrey & Son. A normal commercial property rent of £15,000 was paid during the year (2022 £15,000).

Dividends of £85,500 were paid to the director in the year (2022: £2,000).

9. ULTIMATE CONTROLLING PARTY

The controlling party is T J Abrey by virtue of his ownership of 100% of the issued share capital of the company.